Kota Kinabalu: Strategic partnership unveiled at SOGCE 2026 aimed to unlock greater access to capital, strengthen industrial participation and drive regional economic development.
Moneysave P2P and the Labuan Chamber of Commerce (LCC) had formalised a strategic partnership through the signing of a Memorandum of Understanding (MOU) at the 13th Sabah Oil, Gas & Energy Conference & Exhibition (SOGCE) 2026, launching a RM200 million financing initiative designed to strengthen business growth and industrial development across Sabah and Labuan.
The collaboration would provide businesses with improved access to a comprehensive range of financing solutions, including project financing, working capital, invoice financing, factoring and business expansion funding, enabling more local companies to participate in larger projects and strengthen their long-term competitiveness.
The initiative is expected to benefit Small and Medium Enterprises (SMEs) operating across key sectors including oil and gas, logistics and transportation, maritime services, manufacturing, construction support services, renewable energy, industrial services and other strategic industries at Labuan and Sabah
The MOU was signed by Vincent Soh, Chief Executive Officer of Moneysave P2P, and Daniel Doughty, President of the Labuan Chamber of Commerce, in the presence Deputy Chief Minister of Sabah Datuk Seri Panglima Dr. Joachim Gunsalam, industry leaders, investors and delegates attending SOGCE 2026.
Vincent said Moneysave P2P remained committed in making financing more accessible for businesses that have strong commercial potential but often face challenges securing traditional funding.
“Moneysave is a market leader in short-term financing with facilities ranging from RM500,000 to RM25 million for working capital, bridging finance, project financing and invoice factoring.
Unlike many traditional financiers, collateral and payment assignments are not always compulsory. Over the next three years, we aim to finance RM1 billion nationwide, with RM200 million specifically allocated to support businesses in Sabah and Labuan,” said Soh.
Doughty described the partnership as a catalyst for economic transformation rather than simply another financing programme.
“Access to finance remains one of the biggest barriers preventing many SMEs from scaling their businesses. This partnership is about opening doors for companies to secure the capital they need, participate in larger supply chains and compete for greater opportunities,” said Doughty.
He said Sabah and Labuan possess complementary strengths that, when strategically connected, can create a stronger and more resilient regional economy.
He added Labuan’s internationally recognised financial ecosystem, together with Sabah’s expanding industrial, logistics, energy, and maritime sectors, creates vast opportunities for collaboration.
By connecting businesses with financing and strategic industry networks, we can accelerate investment, generate quality jobs, strengthen local supply chains, and build a more competitive regional economy.
Under the collaboration, Moneysave P2P and the Labuan Chamber of Commerce (LCC) would jointly organise financing clinics, business advisory programmes, investment forums, industry briefings, SME engagement sessions, business matching initiatives and financial literacy programmes to improve financing readiness and connect businesses with new growth opportunities.
The partnership is expected to contribute towards, expanding access to business financing for SMEs, increasing participation of local companies in strategic industries; strengthening business resilience and improving cash flow; enhancing industrial capacity and supply chain capabilities; creating employment and stimulating economic activity and improving the investment attractiveness of Sabah and Labuan.
Also present was Simsudin bin Sidek, deputy chairman of Labuan Corporation (LC). He said LCC’s consistent participation demonstrated that Labuan remains a committed partner in supporting the continued growth of Sabah’s oil and gas industry.
“Labuan has always been an important component of Malaysia’s energy ecosystem. Our continued presence at SOGCE reflects our commitment to strengthening collaboration with Sabah and ensuring that Labuan remains a strategic partner through its strengths in financial services, maritime support, logistics and business facilitation,” said Sidek.
He further noted that LC remains committed to facilitating investments, promoting strategic partnerships and positioning the island as a preferred investment destination that complements Labuan’s industrial and energy development.
The RM200 million financing initiative reflects a shared commitment by Moneysave and the LCC to empower businesses, encourage investment and strengthen Sabah and Labuan’s position as complementary economic hubs supporting Malaysia’s energy, industrial and clean energy ambitions.
